As the Nvidia share price jumps 4%, here are more stocks that could get an AI boost
The Nvidia (NVDA) share price closed 4% higher Monday (22 September), on the back of the chip maker’s new deal with ChatGPT pioneer OpenAI.
The two said they’ve signed a letter of intent, with Nvidia planning to invest up to $100bn in OpenAI. The aim is to provide at least 10 gigawatts of power to advance the next generation of AI models. Nvidia CEO Jensen Huang called it the “biggest AI infrastructure project in history.”
A 4% rise on the day might not sound like much for a stock that’s already up 1,350% over the past five years. But it’s enough to nudge the market cap close to a staggering $4.5trn.
This deal will inevitably brighten the enthusiasm of long-term Nvidia bulls. But it…
